The Resilience of Thai MSMEs in the Valves and Pipes: EPC Procurement Process and Importing from China Manufactures
Main Article Content
Abstract
Global economics has been agonized of SARS-Cov-2 and been mutating to various variant, in Thailand, it’s been opened borders since 1st of July in 2022. From world to ASEAN countries as to Thailand, have been suffered to economy recession, in terms of MSMEs, the decline in sales, layoffs, arrears and bankruptcy, bear the brunt and face severe difficulties. The study aims on MSMEs, leaning on EPC project of fluid control equipment in Thailand in fields of project sale to end-user in annual renewal plans, replying on import industrial goods from China as to its bidding strategy to prospect price advantages. It is acknowledged from qualitative research and in-depth interview by MAXQDA from representatives in valves and pipes, results show this industry has not been affected as predicted. The research analyses according to the obtained results, corresponding suggestions for entrepreneurs to avoid risk and improve efficiency.
Article Details
References
Adams, C. A., & Abhayawansa, S. (2022). Connecting the COVID-19 pandemic, environmental, social and governance (ESG) investing and calls for ‘harmonisation’ of sustainability reporting. Critical Perspectives on Accounting, 82, 102309. https://doi.org/10.1016/j.cpa.2021.102309
Bag, S., Wood, L. C., Mangla, S. K., & Luthra, S. (2020). Procurement 4.0 and its implications on business process performance in a circular economy. Resources, Conservation and Recycling, 152, 104502. https://doi.org/10.1016/j.resconrec.2019.104502
Bajomo, M., Ogbeyemi, A., & Zhang, W. (2022). A systems dynamics approach to the management of material procurement for Engineering, Procurement and Construction industry. International Journal of Production Economics, 244, 108390. https://doi.org/10.1016/j.ijpe.2021.108390
Baker McKenzie, Procurement Procedures-Thailand. (n.d.). Baker McKenzie. https://resourcehub.bakermckenzie.com/en/resources/public-procurement-world/public-procurement/thailand/topics/3-procurement-procedures
Bates, E. A., McCann, J. J., Kaye, L. K., & Taylor, J. C. (2017). “Beyond words”: A. researcher’s guide to using photo elicitation in psychology. Qualitative Research in Psychology, 14(4), 459–481. https://doi.org/10.1080/14780887.2017.1359352
CEIC. (n.d.). Retrieved 22 January 2023, from https://www.ceicdata.com/en/indicator/thailand/forecast-real-gdp-growth
Chandak, A. (n.d.). Reuters, Thailand’s tourism-reliant economy likely gathered pace in Q2. Retrieved 3 September 2022, from https://www.reuters.com/markets/asia/thailands-tourism-reliant-economy-likely-gathered-pace-q2-2022-08-12/
Chesbrough, H. (2020). To recover faster from Covid-19, open up: Managerial implications. from an open innovation perspective. Industrial Marketing Management, 88, 410–413. https://doi.org/10.1016/j.indmarman.2020.04.010
Diego, B. J., Cédrick, B., & Daniel, N. (2013). Risk analysis in project early phase taking into account the product lifecycle: Towards a generic risk typology for bidding process. IFAC Proceedings Volumes, 46(9), 495–500. https://doi.org/10.3182/20130619-3-RU-3018.00478
Høyland, S. A., Holte, K. A., Gressgård, L. J., Hansen, K., & Solberg, A. (2019). Exploring. multiple working arrangements in Norwegian engineering, procurement, and construction industry from a middle manager and supervisor perspective: A sociotechnical system perspective. Applied Ergonomics, 76, 73–81. https://doi.org/10.1016/j.apergo.2018.12.005
Ishii, N., Takano, Y., & Muraki, M. (2014). An order acceptance strategy under limited. engineering man-hours for cost estimation in Engineering–Procurement–Construction projects. International Journal of Project Management, 32(3), 519–528. https://doi.org/10.1016/j.ijproman.2013.07.009
ISO9001:2008 Quality Management Systems-Purchasing. (n.d.). https://www.iso.org/obp/ui/#iso:std:iso:9001:ed-4:v2:en
ISO20400;2017 Sustainable Procurement-Guidance. (n.d.). https://www.iso.org/obp/ui/#iso:std:iso:20400:ed-1:v1:en
Jagannathan, R., Kapoor, M., & Schaumburg, E. (2013). Causes of the great recession of. 2007–2009: The financial crisis was the symptom not the disease! Journal of Financial Intermidiation, 22(1), 4–29. https://doi.org/10.1016/j.jfi.2012.06.002
Jing, S., Hou, K., Yan, J., Ho, Z.-P., & Han, L. (2021). Investigating the effect of value. stream mapping on procurement effectiveness: A case study. Journal of Intelligent Manufacturing, 32(4), 935–946. https://doi.org/10.1007/s10845-020-01594-x
Joseph, R. C., & Johnson, N. A. (2013). Big data and transformational government. IT. Professional, 15(6), 43–48. Scopus. https://doi.org/10.1109/MITP.2013.61
Lyndon, S., & Edwards, B. (2021). Beyond listening: The value of co-research in the co-construction of narratives. Qualitative Research, 22, 146879412199960. https://doi.org/10.1177/1468794121999600
Mazzei, L. A. (2014). Beyond an Easy Sense: A Diffractive Analysis. Qualitative Inquiry, 20(6), 742–746. https://doi.org/10.1177/1077800414530257
Mohammad, W. M. W., & Wasiuzzaman, S. (2021). Environmental, Social and Governance. (ESG) disclosure, competitive advantage and performance of firms in Malaysia. Cleaner Environmental Systems, 2, 100015. https://doi.org/10.1016/j.cesys.2021.100015
Monforte, J., & Úbeda-Colomer, J. (2021). Tinkering with the two-to-one interview: Reflections on the use of two interviewers in qualitative constructionist inquiry. Methods in Psychology, 5, 100082. https://doi.org/10.1016/j.metip.2021.100082
Özdem, M. (n.d.). A THESIS SUBMITTED TO THE GRADUATE SCHOOL OF NATURAL. AND APPLIED SCIENCES OF MIDDLE EAST TECHNICAL UNIVERSITY. 145.
Pal, R., Wang, P., & Liang, X. (2017). The critical factors in managing relationships in. international engineering, procurement, and construction (IEPC) projects of Chinese organizations. International Journal of Project Management, 35(7), 1225–1237. https://doi.org/10.1016/j.ijproman.2017.05.010
Phillips-Wren, G., & Hoskisson, A. (2015). An analytical journey towards big data. Journal. of Decision Systems, 24(1), 87–102. https://doi.org/10.1080/12460125.2015.994333
Rehman, M. H. ur, Chang, V., Batool, A., & Wah, T. Y. (2016). Big data reduction framework for value creation in sustainable enterprises. International Journal of Information Management, 36(6), 917–928. https://doi.org/10.1016/j.ijinfomgt.2016.05.013
Samantha, G. (2018). The Impact of Natural Disasters on Micro, Small and Medium. Enterprises (MSMEs): A Case Study on 2016 Flood Event in Western Sri Lanka. Procedia Engineering, 212, 744–751. https://doi.org/10.1016/j.proeng.2018.01.096
Shafi, M., Liu, J., & Ren, W. (2020). Impact of COVID-19 pandemic on micro, small, and. medium-sized Enterprises operating in Pakistan. Research in Globalization, 2, 100018. https://doi.org/10.1016/j.resglo.2020.100018
Smith, B. (2019). Some Modest Thoughts on Story Completion Methods in Qualitative Research. Qualitative Research in Psychology, 16(1), 156–159. https://doi.org/10.1080/14780887.2018.1536396
Thunberg, S., & Arnell, L. (2021). Pioneering the use of technologies in qualitative research – A research review of the use of digital interviews. International Journal of Social Research Methodology, 1–12. https://doi.org/10.1080/13645579.2021.1935565
Toutounchian, S., Abbaspour, M., Dana, T., & Abedi, Z. (2018). Design of a safety cost. estimation parametric model in oil and gas engineering, procurement and construction contracts. Safety Science, 106, 35–46. https://doi.org/10.1016/j.ssci.2017.12.015
WHO (2022). (n.d.). World Health Organization. Retrieved 3 September 2022, from https://covid19.who.int/region/searo/country/th
World Bank (2022a). (n.d.). The World Bank. Retrieved 2 October 2022, from. https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=TH
World Bank (2022b). (n.d.). The World Bank. Retrieved 2 October 2022, from. https://data.worldbank.org/indicator/NE.IMP.GNFS.ZS?view=chart
World Trade Organization (2022). (n.d.). World Trade Organization. Retrieved 31 August. 2022, from https://www.wto.org/english/res_e/statis_e/miwi_e/TH_e.pdf